What does gig economy mean?
Definitions for gig economy
gig econ·o·my
This dictionary definitions page includes all the possible meanings, example usage and translations of the word gig economy.
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Wikipedia
gig economy
Gig workers are independent contractors, online platform workers, contract firm workers, on-call workers, and temporary workers. Gig workers enter into formal agreements with on-demand companies to provide services to the company's clients.In many countries, the legal classification of gig workers is still being debated, with companies classifying their workers as "independent contractors", while organized labor advocates have been lobbying for them to be classified as "employees", which would legally require companies to provide the full suite of employee benefits like time-and-a-half for overtime, paid sick time, employer-provided health care, bargaining rights, and unemployment insurance, among others. In 2020, the voters in California approved 2020 California Proposition 22, which created a third worker classification whereby gig-worker-drivers are classified as contractors but get some benefits, such as minimum wage, mileage reimbursement, and others.
Numerology
Chaldean Numerology
The numerical value of gig economy in Chaldean Numerology is: 3
Pythagorean Numerology
The numerical value of gig economy in Pythagorean Numerology is: 5
Examples of gig economy in a Sentence
This is an all-out battle royale to make sure they are ultimately victorious, if it falls by the wayside, there are going to be serious business model changes to the gig economy.
Perhaps they don't want to talk about what their model is doing to drive down wages and turn our transportation workforce from a skilled, trained pool of workers earning living wages to another casualty of the gig economy.
This 'on demand,' or so-called 'gig economy,' is creating exciting opportunities and unleashing innovation but it's also raising hard questions about workplace protections and what a good job will look like in the future.
As gig economy workers we are put in a really tough spot -- you'd think it would be a really easy decision, if I don't work and we get past all of this, I'm not just starting from square one, I'm starting without a car.
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"gig economy." Definitions.net. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.definitions.net/definition/gig+economy>.
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